Common use of Company and Certificate Administrator Not to Resign Clause in Contracts

Company and Certificate Administrator Not to Resign. The Certificate Administrator shall not resign from the obligations and duties hereby imposed on it, except upon determination that its duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it, the other activities of the Certificate Administrator so causing such a conflict being of a type and nature carried on by the Certificate Administrator at the date of this Agreement. Any such determination permitting the resignation of the Certificate Administrator shall be evidenced by an Opinion of Counsel to such effect which shall be delivered in form and substance satisfactory to the Trustee. No such resignation shall become effective until the Trustee or a successor certificate administrator shall have assumed the Certificate Administrator's responsibilities and obligations in accordance with Section 7.02 hereof.

Company and Certificate Administrator Not to Resign. The Certificate Administrator shall not resign from the obligations and duties hereby imposed on it, except upon determination that its duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it, the other activities of the Certificate Administrator so causing such a conflict being of a type and nature carried on by the Certificate Administrator at the date of this Agreement. Any such determination permitting the resignation of the Certificate Administrator shall be evidenced by an Opinion of Counsel to such effect which shall be delivered in form and substance satisfactory to the Trustee. No such resignation shall become effective until the Trustee or a successor certificate administrator shall have assumed the Certificate Administrator's ’s responsibilities and obligations in accordance with Section 7.02 hereof.

Company and Certificate Administrator Not to Resign. The Certificate Administrator shall not resign from the obligations and duties hereby imposed on it, except upon determination that its duties hereunder are no longer permissible under applicable law or are in material conflict by reason of applicable law with any other activities carried on by it, the other activities of the Certificate Administrator so causing such a conflict being of a type and nature carried on by the Certificate Administrator at the date of this Agreement. Any such determination permitting the resignation of the Certificate Administrator shall be evidenced by an Opinion of Counsel to such effect which shall be delivered in form and substance satisfactory to the Trustee. No such resignation shall become effective until the Trustee or a successor certificate administrator shall have assumed the Certificate Administrator's responsibilities and obligations in accordance with Section SECTION 7.02 hereof.